Filing Flows › Mondelez International (MDLZ) › Q2 2026
Mondelez International (MDLZ) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Mondelez International (MDLZ) reported revenue of $9.4B for the second quarter 2026 (Q2 2026), +4% from a year earlier and -7% from the quarter before. Operating margin was 20.8%, net earnings $1.6B (16.6% of revenue).
Mondelez International, Q2 2026: revenue $9.4B (+4% year over year), operating margin 20.8%, net earnings $1.6B, operating cash flow $855M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.4B | -7% | +4% |
| Gross profit | $4.0B | +42% | +36% |
| Operating profit | $1.9B | +141% | +66% |
| Net earnings | $1.6B | +175% | +141% |
| Operating cash flow | $855M | +83% | +178% |
| Free cash flow | $513M | +231% | 171× |
What changed
Revenue was $9.4B in Q2 2026, up 4% year over year and down 7% from the previous quarter. Biscuits & Baked Snacks was the largest line at 51% of revenue. Biscuits & Baked Snacks added $0.17B year over year (up 4%), 46% of the total change.
Gross margin was 42.6%, up 9.9 points from Q2 2025. Operating profit was $1.9B, a 20.8% margin (up 7.8 points year over year). Of the extra revenue versus Q2 2025, 209% reached operating profit, above the 13% margin then. Operating expenses grew 16% against revenue growth of 4%. The fastest-growing cost line was SG&A (+16%). Net earnings were $1.5B, up 141% year over year. The effective tax rate was 19.0%.
Operating cash flow was $0.85B (up 178% year over year), 55% of net earnings. Non-cash charges added back $0.35B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $1.1B. Capital expenditures of $0.34B left free cash flow of $0.51B.
Questions
What was Mondelez International's revenue in the second quarter 2026?
Mondelez International (MDLZ) reported revenue of $9.4B for the second quarter 2026 (Q2 2026), +4% from a year earlier and -7% from the quarter before.
Was Mondelez International profitable in the second quarter 2026?
Operating profit was $1.9B (20.8% of revenue) and net earnings $1.6B.